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| Louis Rogers |
PALM SPRINGS, CA – Capital Square Realty Advisors, LLC
announced it has acquired Komar Desert Center, a seven-building
neighborhood retail center in La Quinta, Calif.
“Komar Desert Center is one of the newest developments along
the Highway 111 corridor, located in the midst of Southern California’s
affluent Coachella Valley area,” said Louis Rogers, founder and chief
executive officer of Capital Square Realty Advisors.
“This enviable location
affords Komar Desert Center daily frontage traffic of nearly 60,000 motorists
and easy access for the entirety of the regional populace.”
The approximately 77,000-square foot retail center is 95
percent leased to major tenants, including:
Starbucks, BevMo!, Burgers and Beer, Toda Moda, Souplantation and Mimi’s
Café.
Located at 79705 – 79845 Highway 111, Komar Desert Center
was constructed in 2008 on 9.3 acres of land.
The property has 429 parking
spaces, or a ratio of 5.5 spaces per 1,000 square feet. The property is
shadow-anchored by a 139,000-square-foot Costco and is across Highway 111 from
The Home Depot.
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| Komar Desert Center, La Quinta, CA |
Komar Desert Center is on Highway 111, approximately three
miles south of Interstate 10, which connects the Coachella Valley to Los
Angeles to the west, and Phoenix to the east.
The Coachella valley is a collection of affluent resort
communities that include Palm Springs, Palm Desert, La Quinta, Rancho Mirage,
Desert Hot Springs, Indian Wells and Indio.
The area typically has a warm
climate, and with proximity to the Greater Los Angeles area, is a popular
tourist destination throughout the year.
The Coachella valley retail market has
achieved positive net absorption for five of the previous six quarters.
For a complete copy
of the company’s news release, please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
509-338-5676 - cell
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